Founder & Chief Executive Officer. ", Ezra Field, Senior Managing Director and Chief Investment Officer at Roark, said, "ICWG's quick conveyor car wash model provides high-quality washes at an affordable price point that is attractive to today's consumers who demand convenience and value. [13] Co-owner The Wendy's Company's stake was reduced from 18.5% to 12.3% due to the infusion of capital from Roark Capital to fund the purchase. [10][19] The deal closed on October 18, 2019. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. While the chain has over 1,700 locations around the world with thousands of employees and owners, Wingstop was sold to Roark Capital Group in 2010 and went public in 2015. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. . . Fax (212) 518-2028 New York, NY 10022 Theyre all different, and so I think weve gotten better at it, he says. It met Roarks expertise then: a franchised business in the hospitality arena. Atlanta-based private-equity Roark Capital Group invested in the concept in 2015. Miller's appears to be in good hands with its current owners. Roark Capital Group serves customers in the United States. The things that were wrong we saw as fixable, as long as we had time, Aronson says, noting that a private company has that luxury. Started in Jupiter, FL in 1988 by husband and wife team Jack and Claire Miller, Miller's Ale House is a sports-themed full service restaurant that offers an extensive menu of freshly prepared food and top-quality drinks. Baskin-Robbins, the worlds largest chain of ice cream specialty shops, is known for its variety of 31 flavors of ice cream, along with their creative ice cream cakes, milkshakes, and ice cream sundaes. All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Web page addresses and e-mail addresses turn into links automatically. ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. As of Dec 2022, the chains that the company owns and/or operates include: On this Wikipedia the language links are at the top of the page across from the article title. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Naf Naf Grill, the fast-casual Middle Eastern concept, and an investor group have acquired the entire minority ownership in the company previously held by affiliates of Roark Capital Group, the . . [15], On August 16, 2018, The Wendy's Company announced that it sold its 12.3% stake in Inspire Brands back to the company for $450 million, which included a 38% premium over the stake's most recent valuation. Jul 22, 2013, 08:00 ET. Jim N Nicks is a differentiated full-service restaurant chain that has been serving award-winning barbecue and Southern-inspired cuisine for over 30 years. In the U.S., ICWG operates under the banners of Car Wash USA Express, Goo-Goo, Zippy's, Car Wash Express, and Supersonic Car Wash. ICWG is committed to delivering consistent wash quality for the customer while minimizing the impact on the environment. Its holdings in the restaurant industry include investments in Arby's, Corner Bakery, Jimmy John's, Wingstop and FOCUS Brands, which owns chains such as Cinnabon and Schlotzsky's. A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. There were four CEOs in six years, a problem Aronson blames on previous ownership. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. Responsibilities. The purchases were financed primarily through Roarks first private equity fund. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Primrose Schools is a leading franchisor of pre-K schools providing high quality educational programs for children 6 weeks to 5 years old and after-school learning programs for 6 to 12 year olds. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Our consumer products and services investments have included Driven Brands (the owner of ABRA, ATI, CARSTAR, International Car Wash Group, Maaco, Meineke, Take 5, Uniban, 1800 Radiator, Auto Glass Now, and others), ServiceMaster Brands (the owner of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic, AmeriSpec, and Two Men and a Truck), Pet Supermarket, Pet Valu, Orangetheory Fitness, Massage Envy, Mathnasium, Primrose Schools, Self Esteem Brands (the owner of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, and Stronger U), Fitness Connection, Youth Enrichment Brands (the owner of US Sports Camps, US Baseball Academy, i9 Sports, Streamline Brands and KE Camps), Great Expressions Dental Centers, and previously Atkins Nutritionals, Batteries Plus Bulbs, Drybar, FASTSIGNS, and US Franchise Systems. regarding PitchBook Data's products. Owned by private equity firm Roark Capital Group, CKE Restaurants was founded in 1966 with the opening of Carl's Jr. Clean Franchise Brands : Year Formed: 2021: . They are like the Warren Buffett of restaurants.. Merry Maids is a leading franchisor and provider of home cleaning services. . ATLANTA, Oct. 4, 2017 /PRNewswire/ --Roark Capital Group, an Atlanta-based private equity firm focused on multi-unit consumer businesses, announced today that its affiliate has closed on the previously announced acquisition of UK-based International Car Wash Group from TDR Capital LLP. The firms first acquisition was Carvel in 2001 for $26 million. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . Roark prides itself on being a trusted partner for management and business owners. He refuses to follow fads, trends, or popularity. Roark also owns nearly a dozen non-eatery franchise businesses. Description. Sign up here. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. Phone (404) 591-5200 Miscellaneous . At Roark, we believe the best way to create value is to form a close partnership with outstanding operating executives and a value-added Board of Directors. Roark Capital Group added another brand to its wide-ranging franchise portfolio with the acquisition October 1 of residential and commercial restoration and cleaning services company. We like growth, and were looking to invest in growth.. Roark Capital Group. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. Inspire Brands is majority-owned by affiliates of Roark Capital Group. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . This outlook helps makes Roark successful, says Lex Lane, Wingstop franchisee and vice president and business development officer at United Capital Business Lending in suburban Baltimore. For more information, please visit www.roarkcapital.com. That is where this country has been built, because 65 percent of the job growth for 15 years leading up to the recession came from those people who built a store, then a second store, then a third.. Is Arby's Roast Beef real or processed meat? Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. Wingstop has a total market capitalization of a gigantic $4.73 billion! Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Great Expressions is a leading branded dental practice network that provides comprehensive affordable dental services distinguished by convenience, value, and a broad acceptance of insurance plans. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Number 8860726. Inspire Brands, Inc. is an American holding company and the owner and franchisor[7] of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts and Baskin-Robbins restaurant chains. Pet Valu is Canada's leading small-format specialty retailer of pet food and supplies, providing a wide selection of high quality pet products, together with friendly customer service and convenient store locations. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. Roark focuses on middle market investment opportunities through family-owned business transfers, management and corporate buyouts . He plans to structure the company similar to Hilton Hotels & Resorts. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Buffalo Wild Wings is the largest sports bar chain in the U.S., featuring an immersive sports restaurant experience and a variety of boldly flavored menu items, including buffalo-style chicken wings spun in over 20 signature sauces and seasonings. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. B-Dubs might be going private. Atlanta, Georgia 30309 Roark has plenty of capital now for its companies needs and to make additional acquisitions, but Aronson can see a fourth private equity fund down the road. Roark Capital Group Affiliates. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Founded in 1934, Carvel is the leading manufacturer of branded ice cream cakes in the United States and a top producer of premium soft-serve ice cream. Now that you know who owns Wingstop, it probably doesn't come as a surprise that the original owner, Antonio Swad had been in the restaurant business since . Youth Enrichment Brands is a leading youth activities company, offering camps, leagues, clinics, classes and other programs that annually serve more than 700,000 kids ranging from 2 to 18 years old. The franchisees hated the company, says Romaniello, now a Roark managing partner. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. GROUP. See Neal K Aronson's compensation, career history, education, & memberships. Roark Capital Group , an Atlanta-based private equity firm, acquired Miller's Ale House, a growing casual dining restaurant chain, from owners Jack Miller, KarpReilly and SKM Equity Fund III. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. Roark Capital Acquires ServiceMaster Brands. www.roarkcapital.com, Roark Portfolio Employees Assistance Fund. The customer is an American company that is an affiliate of the American private equity firm Roark Capital Group which currently owns Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, and McAlister's Deli, Auntie Anne's, and Jamba brands. For 91 years, we've been helping people take control of their financial futures. Terms of . An arm of Atlanta-based Roark Capital Group plans to buy ServiceMaster Brands for $1.55 billion within 30 to 60 days. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. And that someone, who snapped the company up in early 2018, was Roark Capital, also the owner of the fast-food company Arby's, which has been pegged as one of the least respected fast-food chains . Thats key. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. Founded in 1934, Carvel is the leading manufacturer of branded ice cream cakes in the United States and a top producer of premium soft-serve ice cream. Arby's restaurant owner Roark Capital Group will buy Buffalo Wild Wings for $2.4 billion, months after an activist investor won seats on the chicken wing restaurant's board following a proxy . Get todays need-to-know restaurant industry intelligence. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Roark Capital Group is an Atlanta-based private equity firm that specializes in franchise, brand management, environmental services and marketing services companies with attractive growth prospects. In its 13 years in existence, Roark has sold only three companies. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Private-equity firm had taken minority stake in fast-casual Middle Eastern concept in 2015, 2023 Informa USA, Inc., All rights reserved, NRN editors talk about the NRAs recent report, what happens when children are banned from restaurants, and celebrity marketing, Duffys Sports Grill Mastered Gift Cards in a Flash, Examining new ways to collect restaurant guest data, It's time to Roll Up to Win at Tim Hortons with exciting new prizes, Subway opens new dual headquarters building in Miami, Menu Tracker: New items from Burger King, KFC, and Chipotle, San Diegos Trust Restaurant Group drives retention, innovation with culture of yes, Nations Restaurant News launches new CREATE Roadshow event series, Allowed HTML tags: . We learn a lot from every company we evaluate, and then as we work with the companies., Making an acquisition is just the ticket to play, he adds. Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004. Fax (212) 518-2028 The numbers on this page are based on contributions of $200 or more from PACs and individuals to federal candidates and from PAC, individual and soft . Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . You don't drive past their logos every time you leave the house. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. (417) 334-3196. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. Luther is Arbys chairman. Roark is an Atlantabased private equity firm with $33 billion in assets under management. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Affiliates of Roark have acquired 55 franchise/multi-unit brands which generated approximately $21 billion in system revenues from 23,000 locations located in 50 states and 75 countries. How are the unit-level economics? Was decided. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. Registered in England and Wales. Take 5 Oil Change represents the 5th acquisition for Driven Brands in the year since Roark Capital acquired the business, expanding the collective brands' footprint to more than 2,000 locations in the U.S. About Driven BrandsDriven Brands, headquartered in Charlotte, NC, is the parent company of North America's leading automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers and Merlin 200,000 Mile Shops; Paint & Collision, housing Maaco, CARSTAR North America and Drive N Style; Distribution, housing 1-800-Radiator & A/C; and Quick Lube, housing Pro Oil Change, Econo Lube N' Tune, Driven Florida Lubes and Take 5 Oil Change. Roark has acquired. For more information visit www.roarkcapital.com. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. None were restaurants. Youth Enrichment Brands is a leading youth activities company, offering camps, leagues, clinics, classes and other programs that annually serve more than 700,000 kids ranging from 2 to 18 years old. Roark managing partner Neal Aronson will retain control of a 4.6% stake. The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. Jimmy John's is one of the largest sandwich chains in the US. Most compete in the quick-service sector, far downmarket from Cheesecakes turf. The Cheesecake Factory is an iconic casual dining brand with best-in-class service and high-quality, made-from-scratch food across a diverse menu with over 250 items. Private-equity firm Roark Capital Group, which owns Atkins, is gearing up to seek a buyer for the low-carbohydrate-diet pioneer, according to people familiar with the matter. Here's What It Said, Supporting New Restaurant Franchisees, By Experience Level, The Power of Transformation in the Restaurant World, Fast-Food Chains Turn Focus to Better In-App Experiences, How to Effectively Market a Restaurant Anniversary. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. The New Jersey State Investment Council, which manages investments in seven public pension funds, committed up to $100 million to the private equity firms latest fund in 2012 after the agencys staff cited Roarks impressive track record and strong returns. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. The firm also provides the capital for operators to reach their goals. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Stronger U is a digital, personalized nutrition-based health coaching services brand. serving 10,000+ campers per year. Founded in 1988, U.S. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. We look forward to partnering and helping accelerate their growth plans. Driven Brands is the largest automotive services company in North America. Atlanta, Georgia 30309 The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. In 2002, Massage Envy created a completely new category in the wellness industry and remains the industry leader in providing professional and affordable services that promote well-being through total body care. When typing in this field, a list of search results will appear and be automatically updated as you type. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. SONIC is the largest drive-in chain in the United States, well-known for its unique drive-in format, carhop service model, and broad menu of food and beverages with over 1.3 million drink combinations. Phone (212) 806-6000 Who is the CEO of Sonic? Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. In 2016, Liautaud sold an estimated 65% of the business to Inspire's parent company, the Atlanta-based private equity firm Roark Capital, in a deal that valued Jimmy John's at around $3 . Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". It is part of Flynn Restaurant Group which also operates 441 . What company owns Jimmy Johns? "We are excited to partner with Roark, an experienced investor in growing multi-unit businesses, to help us accelerate ICWG's growth," said Mike Smith, Executive Chairman of ICWG.
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